The counter is currently in an ascending channel formation. It is close to its upper parallel now which could cap any bullish movement. So, traders can go short expecting a move to the lower parallel.
The counter is currently in a rising wedge formation. It is currently at the lower trendline and the price action suggests strong support at the current level. Further, the pattern can also be construed as an Elliott wave, as in the chart. Hence, we expect the pair to move to the upper trendline for now.
The counter spiked up from the lows however, it was unable to sustain at higher levels and faced rejection. It then consolidated in a tight range in the form of a triangle pattern. Now the triangle is yielding a bearish breakout. And we expect a follow-through sell-off in the counter.
The counter has formed an inverted head and shoulder pattern. It has broken out of the neckline with a strong bullish candle. Hence, we expect the pair to be bullish in the near-term.
EUR/USD has been declining for ages. The long-term downtrend in the counter could come to a halt at this price zone. Technically, the long-term ABC wave could be completed and the short-term charts are forming an inverse head and shoulder pattern. However, the counter still needs more accumulation at the current price and could create a near-term low, which is...
Bearish cues are lining up one after the other in the counter. The price action is resisted by a bearish trendline and the counter has broken down a critical support level of 1.73201. Further, the broken support is acting as a resistance capping upside movement. Hence, we expect the pair to be bearish in the short-term.
The counter has formed an inverted head and shoulder pattern. The price has broken out of the neckline and is consolidating just above it. Further, the policy statement from the RBNZ is also set to uplift the currency pair. Hence, we expect the pair to be bullish in the short-term.
The counter has formed an inverted head and shoulder pattern. It has broken out of the neckline and is consolidating just above it. We expect further consolidation in the counter and then a strong move to the upside.
The counter is currently in a broadening wedge pattern. It hit the resistive trendline, consolidated a bit and then fell down sharply. Now, it has broken a critical support level which can cap a bullish rally from now on. Hence, traders can short the pair and expect a plunge towards the lower end of the range.
The counter is currently in a long-term bullish correction mode. It has completed it wave A and currently in its final leg of wave B, as indicated in the chart. Further, it has broken down a critical support level 0.67900, which is set to cap any bullish move. Hence, we expect the pair to be bearish in the near-term.
The counter has broken down from an ascending trend line. Further, the oil market is making range-bound movements and the breakdown has happened at the higher end of the range. Hence, we expect crude oil to move to the lower end of the range.
After completing a 5-wave bull cycle, the counter is currently in a corrective ABC wave. It has completed its waves A and B and is currently at the brink of wave C. Further, it breaks the critical price action support 1.07935. Hence, we expect the pair to be bearish in the short-term.
CAD/CHF poured down from the highs steeply. It hit the support level of 0.74854 and made a U-shaped correction. Now, it is at a critical price action resistance zone which could cap the rally. Hence, traders can sell on rise expecting a move to the support level of 0.74854.
The counter is currently in range-bound movement in the long-term charts. It has formed an inverted head and shoulder at the lower end of the range in lower time frames. Hence, we expect the pair to move to the upper end of the range for now.
After completing a 5-wave bear cycle, the counter is currently in a corrective ABC wave. It has completed its waves A and B and is currently at the brink of wave C. Further, it is at the confluence of multiple support with broken trendline and price action support. Hence, we expect the pair to be bullish in the short-term.
The counter has broken out of an asymmetrical triangle. It is currently consolidating just above the break out zone. Further, the MACD has turned bullish and the histogram bars are gaining strength. Hence, we expect the pair to be bullish in the short-term.
The recovery in the EUR/USD counter wasn’t able to sustain as the price formed a double top pattern. Now the pair is currently trading below the critical level of 1.10727, which can cap any bullish rally. We expect the pair to head to the support level of 1.09927 for now.
The counter has broken down an asymmetrical triangle pattern. Further, the broken direction is towards the short-term trend. Hence, we expect the pair to be bearish in the short-term.